In 2022, the value of banking transactions undertaken through bank agents in Kenya increased to roughly 1.83 trillion Kenyan shillings (KSh), around 13 billion U.S. dollars. In general, adherence to the agency banking model has been increasing in the country. The system was rolled out in 2010 by the Central Bank of Kenya, allowing commercial banks to contract third parties to offer financial products and services on their behalf. Traditional banks could, therefore, extend their network without the need of increasing the number of branches.
Value of transactions undertaken through agency banking in Kenya from 2012 to 2022
(in billion Kenyan shillings)
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Central Bank of Kenya. (May 15, 2023). Value of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in billion Kenyan shillings) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1232316/value-of-agency-banking-transactions-in-kenya/
Central Bank of Kenya. "Value of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in billion Kenyan shillings)." Chart. May 15, 2023. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1232316/value-of-agency-banking-transactions-in-kenya/
Central Bank of Kenya. (2023). Value of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in billion Kenyan shillings). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1232316/value-of-agency-banking-transactions-in-kenya/
Central Bank of Kenya. "Value of Transactions Undertaken through Agency Banking in Kenya from 2012 to 2022 (in Billion Kenyan Shillings)." Statista, Statista Inc., 15 May 2023, https://www.statista.com/statistics/1232316/value-of-agency-banking-transactions-in-kenya/
Central Bank of Kenya, Value of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in billion Kenyan shillings) Statista, https://www.statista.com/statistics/1232316/value-of-agency-banking-transactions-in-kenya/ (last visited November 24, 2024)
Value of transactions undertaken through agency banking in Kenya from 2012 to 2022 (in billion Kenyan shillings) [Graph], Central Bank of Kenya, May 15, 2023. [Online]. Available: https://www.statista.com/statistics/1232316/value-of-agency-banking-transactions-in-kenya/
